EBK FOUNDATIONS OF ECONOMICS
EBK FOUNDATIONS OF ECONOMICS
8th Edition
ISBN: 8220103632225
Author: PARKIN
Publisher: PEARSON
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Chapter 2, Problem 4SPPA
To determine

To explain:

The factor of production that earns highest income in the U.S., the definition of highest income earning factor of production and the name of the income earned by the factor of production.

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What are the four basic factors of production? Provide at least one example of each factor of production and discuss how that factor is used economically.
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Which of the following is NOT a factor of production? A. trucks used by a furniture company for deliveries B. a person developing a production schedule for a new product C. financial capital, or money available to be loaned or invested D. forested areas that have yet to be developed
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